Wow, how does BM get info like that? 636 million barrels and they won't even admit they struck oil. If only us plain investors could get info like that....LOL
I am going out on a limb here and speculating the uptrend will continue...LOL
OB1 canobe! "Brian O'Cathain, the chief executive of minority participant Afren, earlier put the chance of success at 55%, citing a P50 reserves level of 636 million barrels"
This is big. Especially as many here have pointed out .. that Cheveron has the rig till August(?) Could Block 2 be spudding next?
As well as contacts with Sinopec, company chief executive Walter Brandhuber was said to have received contacts from Chevron. He flew into Abuja on Tuesday night.
Fresh evidence of the aerial extent of Chevron's Block 1 target indicates the structure straddles the boundary of Block 2 where Sinopec of China recently signed an memorandum of undestanding with US minnow ERHC to take over operatorship, sources said.